questionText: To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of introducing a sliding scale of VAT rates for companies according to revenue.
answerText: The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK busin...
heading: VAT: Tax Rates and Bands